04/01/2016 Live Update

[wanteasymoney]

Gm

Any bad news ?

[Denali92]

The persistent BULL is impressive!

From the analysis I showed here:

http://www.cobrasmarketview.com/2016/04 ... ay-update/

The gaps have never been filled!

Must admit I could see the gap being faded.... but gap fill? Did not seem likely given the history of SPY gap downs from a high RSI.

of course, it is April 1st....

-D

[Al_Dente]

Follow-up on that “Pulitzer-worthy” expose on OIL corruption:
Today “… police in Monaco raided Unaoil's offices along with the homes of the family at the heart of the controversy.”

[ford8n47]

@ Wallstreettrader........3 peaks and a domed house!

[Mr. BachNut]

Friday bla bla bla with BachNut.

The NYMO cycle remains down.
The price benchmark at the last NYMO cycle high is SPX 1993.69.
This model suggests price should be near or below the benchmark when NYMO makes its cycle low.

Nothing really new to add to posts from the last two Fridays.
I had a possible upside target hit, and price kept going with some help from Yellin.
I added a new higher possible upside target, not because I believe it, but because new highs open up possible new highs.
I am still focused on my first downside target, which coincides with the NYMO benchmark above.
It is possible, given deus ex central bank action, that this NYMO cycle fails to meet its mark, but I am inclined to be patient with it.

I am flat at the moment.
Earlier this week, my short was stopped at breakeven. I retained some profit from a scaled out unit previously.
I am stalking to reload short now, maybe today or perhaps next week. The first few days of the month do have a bullish tendency.
The asymmetry between my upside target and my first downside target is attractive.

Big big picture, the recent closes above my green lines tell me I have to be open to the prospect of new all time highs at some point.
This price action has been more bullish than bear market rallies past. So, could still be a bear, but odds have shifted.
That said, the potential energy for a bear move is pretty sizeable.
Looking at the NYMO chart, the area under the curve above the zero line is pretty big now.
I have an anecdotal view that what NYMO does on one side of the zero line usually gets fairly balanced on the other side of the line.
So, I am anticipating NYMO spending some quality time under the zero line at some point soon, and we'll see what happens to price.
After that, perhaps the next up cycle delivers higher highs. We shall see.
I will take what the market gives me, but I need evidence of NYMO turning up to get me long.

[Wallstreetrader]

...

[fehro]

SPX gaps fill channel support holds.. strong 60m candle.. nears resistance again..

[uempel]

Thanks BachNut

[JFR]

DOW 30. Visa and Mickey D's leading. CVX and XOM at the bottom along with DD.

[Al_Dente]

[JFR]

Some % up leaders on NYSE.

[JFR]

Overnight gap down on ES. Filled.

[daytradingES]

Cl has broken down.

H&S completed

[Trades with cats]

ES this 2052 2053 area is clearly resistance turned into support. Up trend needs to resume or it will be knock 3 times on the support.

[Wallstreetrader]

...

[JFR]

Gold and Oil taking their lumps. GC and CL.

[uempel]

Annotations on charts over at stockcharts.com - does anybody else have problems too?

[JFR]

Breakout attempt on ES.

[Cobra]

3 push up, so finally a little bit bigger pullback?

[uempel]

Annotations on charts over at stockcharts.com - does anybody else have problems too?

Solved ...